Consolidation in wealth management.
Can prudent consolidation balance synergies for wealth managers with positive consumer outcomes?
Our latest research, conducted by industry consultants FoxRed Insight and Solve Partners, offers a strategic blueprint for successful consolidation. It shows that scale alone isn’t enough; long-term value comes from having a clear destination, rigorous due diligence, and well-resourced, disciplined integration.
The report is based on extensive research conducted between October 2024 and March 2025, including two senior leader roundtables, 42 qualitative interviews, a survey of 75 firms, and detailed desk research.
The research seeks to understand:
- How consolidation is unfolding in UK wealth management, including deal structures, acquisition processes, and common pitfalls.
- What defines successful consolidation, with a focus on best practices, strategic actions, and future-ready operating models.
- Whether consolidation benefits the consumer, especially in light of the FCA’s emphasis on “prudent” consolidation and long-term market impact.
M&A activity in UK wealth management hit record highs in 2024, with more deals than 2018–2020 combined.
Source: Consolidation in wealth management, FoxRed Insight and Solve Partners, 2025.
Key statistics.
77%
of firms plan to acquire in 2025
88%
of deals are backed by private equity (PE)
£3.5T
in investible wealth
Source: Consolidation in wealth management, FoxRed Insight and Solve Partners, 2025.
The “Wild West” era of vague targets and inflated prices (2021–2022) is over.
Source: Consolidation in wealth management, FoxRed Insight and Solve Partners, 2025.
Strategic insights.
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